According to research from PayPoint, County Down in Northern Ireland is the most cash-reliant county in the UK. The research combines PayPoint sales data, looking at cash as an overall percentage of transactions in its network of 28,000 UK stores over FY20/21, with regional attitudinal data of how many people say they are reliant on cash.
Of the 48 UK counties included in the study, 43 have an overall cash reliance score of >50%, indicating that the need for cash by millions of people to support day-to-day expenditure is still of major importance across the whole of the UK.
The research also reveals how a north-south divide could emerge in a cashless society, with the most cash-reliant counties spread across the north of England, the West Midlands and the devolved nations. After County Down, County Antrim, Lanarkshire, Merseyside and County Durham all feature highly in the ranking.
Furthermore, the data shows that:
- Two thirds of all transactions in PayPoint’s network of convenience stores – which have boomed in popularity as people shopped locally during the pandemic – are made in cash.
- One in five (21%) people across the UK still use an ATM two to three times a week.
- 64% of Brits think more should be done to protect cash, rising to 67% in Scotland.
Nick Wiles, Chief Executive of PayPoint, said: “Among continued sensationalism and scaremongering over the decline of cash, it is more important than ever that we recognise its continued importance to communities around the UK.
“Despite the rise of digital payments during the pandemic, we must not forget that many people are still reliant on cash, and they are also often the most vulnerable in society. This is why PayPoint remains committed that, through our 28,000 strong retailer network, any individual can access cash whenever they need it. Later this year we will begin a nation-wide roll out of a new Over The Counter service for those who require cash in exact denominations, following its hugely successful 2021 trial period. This will allow anyone in the UK who needs to make exact withdrawals, down to the penny, to do so without relying on meeting the minimum requirements of ATMs.
“It is the continued investment in such services that demonstrates PayPoint puts action over hyperbole in its ambition to safeguard cash access over the long term. I would urge our industry partners, competitors and Westminster to do the same.”
The UK’s cash reliance county rankings are as follows:
|UK County||Cash reliance score|
|Tyne and Wear||61%|